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Military Retirement Planning Resource

Are You Missing Out on a Hassle-Free Retirement?


You work hard throughout your earning years to save for a secure retirement—one in which you can enjoy your family, friends and interests free from financial strain. However, planning for this time of relaxation can actually be quite stressful, as you try to budget for both your known goals and the unexpected events life might throw your way.

We often see Members attempting to piece together a retirement plan out of separate life insurance policies, annuities, long term care plans, and more—all the while wishing there was an easier way. So, we created the solution: AAFMAA Wealth Builder Life Insurance.

Wealth Builder Life Insurance is a comprehensive, streamlined, and flexible plan that prepares you for the changing needs of life in retirement. You buy one simple policy, make one single premium payment, and get four built-in retirement solutions that keep you in control of your money including:

  1. Permanent life insurance coverage, which grows a cash value at our industry-leading 5.1% crediting rate*
  2. The ability to convert your cash value into a stream of income
  3. A Long-Term Care Settlement Option at no additional cost
  4. The ability to take out a policy loan or even surrender the policy and receive the cash value back with no penalties from AAFMAA

Take a look at how Wealth Builder Life Insurance compares to ther popular retirement solutions:

Wealth Builder Life Insurance Comparison Chart

Visit or call 866-533-0521 to learn more from an AAFMAA Membership Coordinator. We look forward to helping you become more confident about your future in retirement.

AAFMAA Wealth Builder Life Insurance is a life insurance policy. This is not a federally insured savings deposit and should not be purchased for that purpose. Includes a Long-Term Care Settlement Option. For more information, visit

Subject to terms and conditions of the policy, including exclusions and limitations. There is no insurance coverage unless you apply and are accepted by AAFMAA, a policy is issued and you pay the required premium. No war, aviation, terrorist clause. All policies include Survivor Assistance Services.

*AAFMAA's current crediting rate on Wealth Builder Life Insurance policies issued in 2024 is 5.1%, minus an administrative fee of 0.75% for a net current return of 4.35%. These rates are NOT guaranteed. The guaranteed crediting rate for Wealth Builder Life Insurance policies issued in 2024 is 2.5%, minus the administrative fee for a net guaranteed return of 1.75%.

Wealth Builder Life Insurance policies are Modified Endowment Contracts (MECs) subject to the Technical and Miscellaneous Revenue Act of 1988 (TAMRA). Under TAMRA, you may owe taxes and penalties if you surrender or take a loan against the cash value in your Wealth Builder Life Insurance policy. Please read important tax information here. AAFMAA does not provide tax advice. If you have questions about the tax implications of this product or other life insurance products you own, please consult a qualified tax professional. 

The U.S. Government does not sanction, recommend, or encourage the sale of this product. Subsidized life insurance may be available from the Federal Government. 

This article was originally published September 8, 2020.